Truman State University
Flexible Payment Plan Agreement
Enrollment is not complete until payment of fees has been arranged. Once you select a payment method, that
method will remain in effect throughout your attendance at Truman State University unless you rescind the
agreement in writing, OR UNLESS THIS AGREEMENT IS RESCINDED BY TRUMAN STATE UNIVERSITY. Neglecting
to arrange for payment by the first week of classes either by signing up for the Truman Flexible Payment Plan or
by paying your fees in full under the Standard Plan will result in cancellation of enrollment with a $20 late
enrollment penalty required to re-enroll.
Method 1 - Truman Flexible Payment Plan: Under the Truman Flexible Payment Plan, the bill will designate
financial aid that is expected but not yet applied in the 'Expected Financial Aid' section. If the student intends to
accept all the expected aid, then the amount of the expected aid may be subtracted from the current amount
due to arrive at the amount to be paid for the term. However, if the financial aid is not received by the due
date, the balance adjusted for expected aid will accrue interest until the aid is received. If the term's financial
aid does not cover all fees, the personal responsibility is payable by dividing it into four payments during the fall
and four payments during the spring (there are two payment dates for the summer term). The first bill each
term will be mailed to the student's permanent address and emailed to their Truman email address. Subsequent
monthly bills will be e-mailed to the student's Truman email address and to anyone the student has signed up
as an authorized user on their student account. 25% of each semester's fees are due by the end of the
first week of classes. Accounts not paid in full by the last due date - November 15 for fall, April 15 for spring,
and July 5 for summer - will be assessed a $50 late penalty. This payment method will incur finance
charges equal to one half percent (1/2%) per month or (6%) per year on the unpaid balance.
Method 2 - Standard Plan: The Standard Plan will be assigned to students who do not select the Truman
Flexible Payment plan. The Standard Plan bill will designate financial aid that is expected but not yet applied in
the 'Expected Financial Aid' section. If the student intends to accept all the expected aid, then the amount of
the expected aid may be subtracted from the current amount due to arrive at the amount to be paid for the
term. However, if the financial aid is not received by the due date, the balance adjusted for expected aid will
accrue interest until the aid is received. The amount calculated as the student's responsibility must be paid in
full by the due date on the first bill. Additional charges incurred during the semester must be paid by the due
date designated on the bill. Accounts not paid in full by the last due date - November 15 for fall, April 15 for
spring, and July 5 for summer - will be assessed a $50 late penalty. This payment method will incur finance
charges equal to three-quarter percent (3/4%) per month or (9%) per year on the unpaid balance.
Financial Aid: The University will apply any financial aid (federal, state, university) received for payment toward
fees owed for the term for which the financial aid is awarded. Students can authorize the University through
their award acknowledgement letter to apply federal financial aid not needed for the current term to
miscellaneous charges owed to the University (e.g., parking fines or stickers or balances owed for prior terms).
If expected or applied financial aid is cancelled for any reason, the student is responsible for payment of the
charges vacated by the financial aid.
Billing Rights: Under the Fair Credit Billing Act, if you believe your bill is incorrect or you need more information
regarding a transaction on your bill, write to Truman State University at the address listed on your bill. The
University must hear from you no later than 60 days after you receive the first bill on which the error or
problem appeared. You can telephone Truman State University, but doing so will not preserve your rights. In
your letter, provide your name, account number and the dollar amount of the suspected error. Describe the
error and explain why you believe it is incorrect. You are not required to pay any questioned amount during the
investigation. However, you are obligated to pay the portion of your bill not in question. During the
investigation, the University cannot report you as delinquent or take any action to collect the amount in
Default: If payment is not made by the deadlines established, the University has the right to take steps to
collect the balance including but not limited to the following: denial of registration, withholding transcripts and
diploma until the balance is paid, referral of account to a collection agency, legal action to collect the balance
due. The student will incur the cost of collection for defaulted accounts which includes reasonable collection
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agency fee and/or attorney fees. The University has the right to release information about the account to those
concerned with collecting the balance due.
Change in Terms: The University reserves the right to amend these Terms and Conditions without securing a
new agreement. The University will notify the student of any changes in interest or fees in advance of the
change. The option to pay in full always exists. If unpaid, the student is bound by the changes.
I will notify the University promptly of a change in my address. The University will provide the first statement
for each term by mail to my permanent address. Subsequent monthly bills will be sent via e-mail to my official
campus e-mail address. It is the my responsibility to forward my bill or print and mail a copy to my parents or
other persons needing a copy of the bill.
I understand that if I do not accept this payment agreement for Truman's Flexible Payment Plan I
am agreeing to pay my fees by the end of the first week of classes for each semester that I am enrolled, known
as the Standard Plan, as explained in Method 2 above.
My agreement to the Flexible Payment Plan means that I have read this agreement, including all
terms and conditions, and I am electing to pay under the terms outlined in Method 1 above. This
agreement will remain in effect throughout my attendance at Truman State University unless I rescind this
agreement in writing OR UNLESS THIS AGREEMENT IS RESCINDED BY TRUMAN STATE UNIVERSITY. I also
authorize Truman State University to communicate with my parents/guardian regarding payment of fees. The
University recommends that you print and retain a copy of this agreement.
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